Azerbaijan increased gold production
For five months of this year Azerbaijan produced 672.9 kg of gold, 65.1% more than the same period last year. In the first half of 2013 Azerbaijan oilfield operating company upgraded gold processing plant.
Company Anglo Asian Mining (AAM) PLC is a gold producer in Azerbaijan. It has 1962 square meters. km prospective exploration portfolio in accordance with the Production Sharing Agreement (PSA), signed in 1997 for 30 years.
The company developed the first gold / copper mine in May 2009 Kedabek. Gold production in 2013 was 52,068 ounces. The company is also developing a second deposit "Gosh 2, which is located 50 km away from the first. Gosh forecast AAM, will produce about 15 000-20 000 ounces of gold annually. Due to the proximity with Kedabek, ore will be processed at the plant Azerbaijan fishing company operating in Kedabek area.
Production plan for Anglo Asian Mining 2014 is 62 000-67 000 ounces of gold, the company said.
In addition to gold, according to the State Statistics Committee, the company made this year of 173.1 kg of silver, 49% fewer than five months in 2013. - 08D-
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